Coldplay and Blackpink concerts raked in RM200mil for the country

KUALA LUMPUR: Coldplay and Blackpink concerts at the Bukit Jalil National Stadium have generated RM200 million in economic benefits.

Youth and Sports Minister Hannah Yeoh said the massive concerts have generated large profits for the Malaysia Stadium Corporation (MSC), small businesses, e-hailing, tourism, hospitality, transportation and logistics sectors.

"The government also benefited from tax collection with RM2.7 million from Blackpink's concert and RM8 million from Coldplay's gig," she told the Dewan Rakyat

She also said 23 athletic events in Bukit Jalil brought in RM2.4 million in income.

"That comprises corporate suite rentals for RM340,000, stadium rentals for RM1.8 million, commercial activities for RM146,000, and parking collection for RM52,000.

"Out of the 10 non-sporting events held last year, RM2.8 million in income was generated.

"The revenue consists of RM1.6 million for stadium rental, RM686,000 for ticket commission, RM311,000 for corporate suite rental, RM101,000 for business activities, and RM71,000 for parking collection.

She also said the Bukit Jalil National Stadium hosted 33 events last year that brought in a total of RM5.2 million for the MSC.

Yeoh added that although the two concerts had a significant economic impact, it would not affect the ministry's commitment to prioritising having a good football field.

She said this could be seen through the strict conditions imposed on organisers before any concert could take place at the Bukit Jalil National Stadium.

Yeoh also said that her ministry had placed the responsibility of field restoration costs on the concert organisers and not on the MSC.

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